Geoff Bielby reckons it's all a con, so what I want to know is how TOM and OLM seemingly have info that he doesn't?
I know exactly what Geoff thinks, I've just been at a football match with him. There is interest in the club, there has been talks, a lower price has been set (it's still too high) and some ridiculous clauses have been thrown into the mix. The only question is, is there a genuine desire to complete a sale, or is Ehab just ****ing people around again? Geoff thinks it's the latter, he may well be right, or they may finally **** off. TWT.
Sorry wasn't meaning that as a criticism at either party, moreso that he seems to know a lot behind the scenes as you do so I'm curious about where the difference in perception comes from and whether there's certain info he doesn't know, or vice versa, or the info isn't as clear cut.
The fact is, neither of us know if he's ****ing around or genuinely wants to sell, there's definitely an interested party if he does want to sell, Geoff's just convinced that he doesn't.
The main problem with Ehab bar him been a complete and utter tool is that he runs it as a normal business. Clubs can not be ran as business's. Actually forget that, he's a moronic fool playing with his Dads money and has no idea what the heck he's doing.
They can be run as businesses if it's done properly. Look at Monaco, Southampton, etc. Buy cheap young players, give them a platform, sell them for large fees to fund the running of the club. Ehab isn't running it as a business he's just running it into the ground.
When you say a lower price has been set, by who? And who thinks it's to high? Is that your opinion or the interested party
The one thing I can't get my head round , is if he is dicking people around over a sale, what's his incentive?
Whether it's happening or not - the damage Ehab has done is almost impossible to do in the short space of time he has - it's impressive in a ****ed up way The way I look at it is - You wouldn't ask Slutsky's son (if he has one!) to manage Hull City, we'd be ****ed. The same principle applies to businessmen's offspring - I'm no fan of Assem but he's obviously got good business skills, unfortunately none of those talents exist in Ehab - the sooner he's gone the better.
If the sales price is known to the interested party and they're still interested then that's at least a positive.
Serious question - how are we worth close to that? I'm working on the assumption that the bulk of parachute payments and player sales are going into the current owners pockets. If that is the case we're worth nearer £1 than $50m aren't we?
Depends. If they can show that the club is profitable / able to break even, and have paid off the debt owed to Allamhouse with the sales and everything that's happened since 30 Jun 2016, then the club is probably worth future parachute payments (about another £50m after this year?)
I sometimes mention post likers, who then respond with shocked indignation that they are seen to be supporting the gist and sentiment of a post.
Here we go again. Really? You've seen the accounts? Just because Macquarie bank has been given authority to be paid the parachute payments, there is a double-entry in there.
Not sure what you're getting at. The bank loan is secured against the Parachute payments. So either the new owners acquire 50m of debt and 50m of parachutes = 0m they can spend, or the allams are taking the Parachute money with them but 50m less debt = 0m for new owners. Unless you're suggesting that the allams will pay down the third party loan and raise a new 50m loan with the new owners with no due date?
